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v0.1
PDD$87.24+3.32%
Fair $87.24+0.0%

PDD

PDD Holdings Inc.

Consumer Cyclical / Internet RetailNasdaqGS

$87.24

+2.80 (+3.32%)

Fairly Valued+0.0%Fair Value $87.24Fund rank 39/100 · Data gapFallback financials|
SA 50/C
F-Score: 4/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 23% · confianza 25%

FCF escenarios

weak_data · normalized FCF $105.8B · quality 83.7/100

Data gap 39/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 90/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

50/100

C

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists.
Thesis & Journal · PDDLocal privado en este navegador · PDD Holdings Inc.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$124.2B

P/E

9.2x

↓

EV/EBITDA

0.2x

↓

ROE

23.7%

↑

Gross Margin

56.3%

↑

Debt/Equity

0.01

↓
52-Week Range$87
$82$139

TradingView lightweight chart

PDD price, volumen y niveles de valoración

Último $87.24Periodo +226.7%
Fair value: $87.24

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+49.0%

FCF CAGR

+30.3%

FCF margin

24.5%

FCF / Net income

1.08x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $431.85B · net income $97.84B · FCF $105.79B

2022-FY → 2025-FY

Gross margin

56.3%-19.6% pts

Operating margin

21.6%-1.7% pts

Net margin

22.7%-1.5% pts

FCF margin

24.5%-12.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$431.85B$431.85B$393.84B$247.64B$130.56B
Net Income$97.84B$97.84B$112.43B$60.03B$31.54B
EBITDA$122.45B$122.45B$135.32B$73.81B$39.21B
EPS66.0066.0076.0041.1621.92
Gross Margin56.3%56.3%60.9%63.0%75.9%
Operating Margin21.6%21.6%27.5%23.7%23.3%
Net Margin22.7%22.7%28.5%24.2%24.2%
Balance Sheet
Debt/Equity0.010.010.030.050.14
Current Ratio2.542.54———
Cash Flow
Free Cash Flow$105.79B$105.79B$120.96B$93.58B$47.87B
Returns
ROE23.7%23.7%35.9%32.1%26.8%
Valuation
P/E9.169.161.273.564.38
EV/EBITDA0.210.210.712.233.08
P/B0.310.310.461.141.17
Growth & Yield
Revenue Growth9.7%9.7%59.0%89.7%—
EPS Growth-13.2%-13.2%84.6%87.8%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-51.0%

fácil

EPS terminal req.

$7.74

Spread vs growth

37.9%

5Y implied EPS CAGR

-32.3%

fácil

EPS terminal req.

$9.37

Spread vs growth

19.2%

10Y implied EPS CAGR

-13.7%

fácil

EPS terminal req.

$15.09

Spread vs growth

0.6%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -9.6%

Total return

-9.6%

Start / end P/E

1.3x → 1.3x

EPS bridge

76.00 → 66.00

Residual

-0.5%

EPS growth-13.2%
Multiple rerating+4.1%
Dividend+0.0%
Residual / FX / buybacks / cross-term-0.5%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.